The Comparative Analysis of Macro Economic Reasons and Consequences of Crisis in 1929 and 2008

Abstract

This work comprises the comparative analysis of macro economic reasons and consequences of world economic crisis happened in 2008 which affected the economy of the world and the 1929 crisis the biggest that ever happened in the world. It is obvious that both of crises have common and different features from the macro economic reason and consequence point of view. It is seen that the common features are based on the same mistakes concerning market economy. The differences between these crises are lying on the volume, type and meaning of economic relations from 1920 to 2008.

Note: Downloadable document is in Azerbaijani.

Keywords: 1929 Crisis, 2008 Crisis, Macro economic reasons, Macro economic effects

JEL Classification: E20, E23, E24, E29.